Adobe 2014 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2014 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

30
ITEM 2. PROPERTIES
The following table sets forth the location, approximate square footage and use of each of the principal properties used by
Adobe during fiscal 2014. We lease or sublease all of these properties with the exception of our property in Noida, India where
we own the building and lease the land, in Lehi where we own the building and land, in San Francisco at 601 and 625 Townsend
Street where we own the building and land, and our corporate offices in San Jose where we own the land and the East and West
tower buildings after exercising our option to purchase these buildings in August 2014, and lease the Almaden Tower building.
All leased properties are leased under operating leases. Such leases expire at various times through 2028, with the exception of
our land lease in Noida, India that expires in 2091. The annual base rent expense (including operating expenses, property taxes
and assessments, as applicable) for all leased facilities is currently approximately $93.3 million and is subject to annual adjustments
as well as changes in interest rates.
Location
Approximate
Square
Footage Use
North America:
West Tower, 345 Park Avenue
San Jose, CA 95110, USA 378,000 Research, product development, sales, marketing and
administration
East Tower, 321 Park Avenue
San Jose, CA 95110, USA 321,000 Research, product development, sales, marketing and
administration
Almaden Tower, 151 Almaden Boulevard
San Jose, CA 95110, USA 267,000 Product development, sales and administration
601 and 625 Townsend Street
San Francisco, CA 94103, USA 346,000 (1) Research, product development, sales, marketing and
administration
801 N. 34th Street-Waterfront
Seattle, WA 98103, USA 182,000 (2) Product development, sales, technical support and
administration
410 Townsend Street
San Francisco, CA 94107, USA 47,000 Research, product development, sales, marketing and
administration
3900 Adobe Way
Lehi, UT 84043, USA 281,000 (3) Research, product development, sales, marketing and
administration
7930 Jones Branch Drive
McLean, VA 22102, USA 34,000 (4) Sales and marketing
1540 Broadway
New York, NY 10036, USA 37,000 Sales and marketing
343 Preston Street
Ottawa, Ontario K1S 5N4, Canada 122,000 (5) Research, product development, sales, marketing and
administration
25100 NW Evergreen Rd
Hillsboro, OR 97124, USA
85,000 Data center
India:
Adobe Towers, 1-1A, Sector 25A
Noida, U.P. 191,000 Product development and administration
Tech Boulevard, Plot #6, Sector 127
Expressway, Noida, U.P. 107,000 Product development and administration
Salapuria Infinity, Ground Floor,
1st Floor, 3rd Floor
#5 and #6 Bannerghatta Road,
Bangalore
185,000 Research, product development and administration
Japan:
Gate City Osaki East Tower
1-11 Osaki
Shinagawa-ku, Tokyo
56,000 Product development, sales and marketing
China:
Block A, SP Tower, 11th, 19th,
21st & 22nd Floors
Block B, SP Tower, 19th Floor
Block D, SP Tower, 10th Floor
Tsinghua Science Park, Yard 1
Zhongguancun Donglu, Haidian District
Beijing
94,000 (6) Research and product development